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I'd consider a Dedo for this-- though it's not LED. I honestly can't think of any Xenon like LEDs in the least-- perhaps, maybe a LEP from Hive-- maybe, if heat is the issue, but on a small scale as such I think tungsten would be your friend-- especially in the cost department.

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Is the light in the shot? Is it part of the set and seen on camera? If so, you could shoot the dedo through a piece of Plexiglas rod. The rod could be painted as if it were a fixture in the vault ceiling.

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I think yes as far as LED tech the litegear Lite ribbons use the highest powered most color accurate tech out right now as far as I know.

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I would totally vote for a Dedo DLED4.1 kit! I just used a set of 4 of these on a shoot recently because we were working with mainly daylight balanced units and still needed the ability for small pools of light and/or a lot of controlled fill. They're great for what you're describing as I found the color to be incredibly accurate (and I hate most LED units) and they still work with all the standard Dedo accessories. If you need a very direction spot of light, I would suggest a DLED4 and an 85mm (or possibly 100mm) projector lens attachment. This will give you shutters and an iris, and it also acts as a clean spot, which will give you a great beam if you introduce haze. If the output is too much, they have great dimming capability and I found them fully flicker-free (although thats not an issue for stop-motion). Finding a rental house in NYC that carries them shouldn't be too difficult either.

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let me know what you think - I can't think of many other options that would be small and spotty. we see the whole vault in the shot

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the shot is in the shot - and the vault has already been built so probably using the crappy puck light led things you can get at the home depot oh well next time.

I am doing a scene in a minituarized stop motion bank vault - -and I want to put a light in it shooting straight down onto a bag of money- act as like a xenon spotlight - but with a smaller size - almost like LED size - it the literibbon perhaps the punchiest, small led strip that could work?

if not I think you are in the territory of making your own light. yea like an LED flashlight sorta thing. if you need that narrow a beam you might need to look into how lights like source 4's are built and try to build one on a tiny scale.